The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 03, 2025 for Manju Devi Jain
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Manju Devi Jain, a person belonging to the promoter group of Akme Fintrade (India) Limited, has created a pledge on 70,00,000 (70 lakh) equity shares held by her in the company. The pledge was created on 23rd May 2025 in favor of NU Investors Technologies Private Limited, which suggests the shares have been given as collateral, likely for a loan or credit facility. The disclosure has been filed with BSE (scrip code 544200) and NSE under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Pledging promoter shares is generally viewed cautiously by investors. While it is a routine way for promoters to raise funds, a large pledged holding raises the risk that if the promoter defaults on the obligation, the pledgee could sell these shares in the market, potentially creating downward pressure on the stock price and changing the promoter group's effective holding.